Raiffeisen Bank International AG Takes $178,000 Position in Invitation Homes Inc. (NYSE:INVH)

Raiffeisen Bank International AG purchased a new stake in Invitation Homes Inc. (NYSE:INVH) during the fourth quarter, Holdings Channel reports. The fund purchased 5,591 shares of the company’s stock, valued at approximately $178,000.

A number of other institutional investors and hedge funds have also made changes to their positions in INVH. Norges Bank purchased a new stake in shares of Invitation Homes in the 4th quarter valued at approximately $1,646,794,000. JPMorgan Chase & Co. raised its stake in shares of Invitation Homes by 74.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock valued at $350,041,000 after acquiring an additional 4,661,213 shares during the period. Centersquare Investment Management LLC raised its stake in shares of Invitation Homes by 42.9% in the 4th quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company’s stock valued at $412,366,000 after acquiring an additional 3,870,432 shares during the period. Northern Trust Corp raised its stake in shares of Invitation Homes by 27.3% in the 4th quarter. Northern Trust Corp now owns 6,820,769 shares of the company’s stock valued at $218,060,000 after acquiring an additional 1,463,236 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Invitation Homes by 110.1% in the 4th quarter. BNP Paribas Financial Markets now owns 2,158,395 shares of the company’s stock valued at $69,004,000 after acquiring an additional 1,131,029 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Trading Up 1.4%

NYSE INVH opened at $34.49 on Monday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 52 week low of $29.37 and a 52 week high of $37.80. The stock has a market capitalization of $21.14 billion, a PE ratio of 48.58, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87. The firm has a 50 day moving average of $33.67 and a two-hundred day moving average of $32.86.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The company had revenue of $674.48 million during the quarter, compared to analysts’ expectations of $663.77 million. During the same quarter in the previous year, the business posted $0.47 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, research analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.36%. The ex-dividend date was Thursday, March 27th. Invitation Homes’s payout ratio is 150.65%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on INVH shares. Royal Bank of Canada upped their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, May 2nd. Keefe, Bruyette & Woods upped their target price on shares of Invitation Homes from $36.00 to $37.00 and gave the stock a “market perform” rating in a research note on Monday, May 5th. The Goldman Sachs Group upped their target price on shares of Invitation Homes from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Raymond James upped their target price on shares of Invitation Homes from $36.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, May 9th. Finally, Mizuho raised shares of Invitation Homes from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Invitation Homes presently has a consensus rating of “Hold” and an average price target of $37.94.

About Invitation Homes

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.